Fitch revises RWE senior debt watch to positive

Fitch Ratings said it is maintaining RWE AG's long-term issuer default rating of BBB, short-term issuer default rating of F3 and subordinated notes' rating of BB+ on Rating Watch Negative (RWN).

The agency revised the watch status of RWE Finance BV's and RWE AG's senior unsecured ratings of BBB to positive from negative.

The RWP reflects RWE's intention to transfer all existing senior unsecured notes to subsidiary innogy SE by changing the issuer.

Fitch rates innogy at BBB+(EXP) with a stable outlook and its senior unsecured notes at A-(EXP).

The agency said it does not expect new senior unsecured debt to be issued at RWE until the allocation of debt between RWE and innogy has been finalized.

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